Friday, January 27, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Biz Plus

EU reaches deal to ban imported coffee, items from deforested lands

AFPbyAFP
December 6, 2022, 6:35 pm
in Biz Plus, Business
Reading Time: 3 mins read
A A
Share on FacebookShare on TwitterShare on Email

Brussels—The European Union reached an agreement Tuesday to ban the import of products including coffee, cocoa and soy in cases where they are deemed to contribute to deforestation.

The draft law, which aims to ensure “deforestation-free supply chains” for the 27-nation EU, was hailed by environmental groups as “groundbreaking”.

It requires companies importing into the EU to guarantee products are not produced on land that suffered deforestation after December 31, 2020, and that they comply with all laws of the source country.

The scope encompasses palm oil, cattle, soy, coffee, cocoa, timber, and rubber, as well as derived products such as beef, furniture, and chocolate.

Illegal production has spurred massive deforestation in countries such as Brazil, Indonesia, Malaysia, Nigeria, the Democratic Republic of Congo, Ethiopia, Mexico and Guatemala.

ADVERTISEMENT

The United Nations’ Food and Agriculture Organization estimates that an aggregate area of land bigger than the European Union, or some 420 million hectares (more than one billion acres), has been deforested around the world over the past three decades.

The European Union is the second-biggest market for consumption of the targeted products after China.

Pascal Canfin, chairman of the European Parliament’s environment committee, hailed the agreement and how its impact would feed through to everyday items Europeans consume.

“It’s the coffee we have for breakfast, the chocolate we eat, the coal in our barbecues, the paper in our books. This is radical,” he said.

The environmental lobby group Greenpeace called the draft law, agreed between the European Parliament and EU member states, “a major breakthrough.”

Another, WWF, called it “groundbreaking” and “historic.”

“This regulation is the first in the world to tackle global deforestation and will significantly reduce the EU’s footprint on nature,” the WWF said in a statement.

Both groups called on the EU to go further, by expanding the scope of the law to include savannahs, such as Brazil’s Cerrado, which are also under threat by encroaching ranchers and farmers.

Greenpeace noted that financial institutions extending services to importing companies would not initially come under the new law, but that they would come under review two years later.

Both the European Council — representing the EU countries — and the European Parliament now have to officially adopt the agreed law. Big companies would have 18 months to comply, while smaller ones would get a longer grace period.

“The new law will ensure that a set of key goods placed on the (European Union) market will no longer contribute to deforestation and forest degradation in the EU and elsewhere in the world,” the European Commission said in a statement.

“The battle for climate and biodiversity is accelerating,” French President Emmanuel Macron tweeted.

Big fines

The parliament said in a statement that the law opened the way for technology such as satellite monitoring and DNA analysis to verify the provenance of targeted imports.

High-risk exporting countries would have nine percent of products sent to the EU checked, while lower-risk ones would have lower proportions scrutinized.

Companies found violating the law could be fined up to four percent of annual turnover in the EU.

The legislation would be reviewed one year after coming into force, to see whether it should be extended to other wooded land.

Another review at the two-year mark would have the commission considering whether to expand it to cover other ecosystems and commodities, as well as financial institutions.

Tags: cocoacoffeedeforestationEuropean Unionimport products bansoy
ADVERTISEMENT
AFP

AFP

Related Posts

2022 trade deficit hit record $58.3b, imports surged 17%

byJulito G. Rada
January 26, 2023, 7:25 pm
0
8
2022 trade deficit hit record $58.3b, imports surged 17%

The country’s trade deficit widened to a record $58.32 billion in 2022 as imports surged amid high commodity prices, preliminary...

Read more

Monde Nissin acquiring 15% of Figaro Group

byJenniffer B. Austria
January 26, 2023, 7:20 pm
0
8
Monde Nissin books P2.9-b core net income

Monde Nissin Corp. said Thursday it is acquiring a 15-percent interest in restaurant chain operator Figaro Coffee Group Inc. for...

Read more

ADB lending $500m to help PH address impact of pandemic

byJulito G. Rada
January 26, 2023, 7:10 pm
0
8
ADB okays $175-m loan for three bridges

The Asian Development Bank said Thursday it approved a $500-million (about P27 billion) policy-based loan to help the Philippine government...

Read more

Electricity spot market in Mindanao starts operations

byAlena Mae S. Flores
January 26, 2023, 7:05 pm
0
8
Resumption of Malampaya gas operation leads to lower average price at electricity spot market

The Wholesale Electricity Spot Market in Mindanao started commercial operations on Thursday, according to the Department of Energy. It said...

Read more

German company expanding Batangas facility

byOthel V. Campos
January 26, 2023, 6:55 pm
0
8
German company expanding Batangas facility

ZAMA Precision Industry Manufacturing Philippines Inc., a unit of Germany’s ZAMA Group, is expanding its production capabilities in the Philippines...

Read more

SM focuses expansion toward provincial areas

byJenniffer B. Austria
January 26, 2023, 6:50 pm
0
8
SMIC among best managed firms in PH

Conglomerate SM Investments Corp. is gearing its expansion plans toward the provincial areas where growth is faster, according to a...

Read more

Print Edition

View More

Recent Posts

  • Isabela celebrates 2023 Bambanti Festival 
  • Pag-IBIG finances over 18,000 socialized homes for low-wage earners in 2022
  • Philippines to appeal ICC resumption of drug war probe
  • Knicks hold off Celtics in overtime, Pistons top Nets
  • Israel strikes Gaza after militant rocket fire
  • James, Antetokounmpo will captain NBA All-Star teams
  • Sneakers for Makati : AB4.0
  • PH posts 7.6% growth in 2022

Advertisement

Latest News

James, Antetokounmpo will captain NBA All-Star teams

byAFP
January 27, 2023, 9:00 am
0
8
James, Antetokounmpo will captain NBA All-Star teams

Los Angeles Lakers superstar LeBron James and Milwaukee's Giannis Antetokounmpo will captain the NBA All-Star Game teams next month after...

Read more

Sneakers for Makati : AB4.0

byManila Standard
January 27, 2023, 2:10 am
0
288
Sneakers for Makati : AB4.0

Read more

PH posts 7.6% growth in 2022

byJulito G. Radaand4 others
January 27, 2023, 2:00 am
0
8
Imported onions in, but price still high

Strong consumer spending fueled expansion, fastest pace in 46 years Economic growth beat expectations last year, expanding to its fastest...

Read more

SWS: 34% of adult Pinoys say life improved last year

byManila Standard
January 27, 2023, 1:50 am
0
8
BBM, Sara to resume stumping together; Bicol groups back UniTeam

A recent Social Weather Stations (SWS) survey found that at least 34 percent of adult Filipinos believe that their quality...

Read more

President tells PCG to defend both coastlines, nationals

byVince Lopez
January 27, 2023, 1:40 am
0
8
Most APEC leaders condemn Russia’s invasion of Ukraine

President Ferdinand Marcos Jr. has reminded the Philippine Coast Guard (PCG) to always be ready and aware while guarding the...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App